How to buy bitcoin with PayPal? Buying BTC with PayPal is not that easy. For many reasons, PayPal does not partner with firms dealing with BTC. But there is a hand full of sites through which you can buy bitcoin with PayPal. We will look at some of the best sites and how to buy Bitcoin with PayPal.
Table of Contents
- Step 1: Choose the Best Exchange to Buy Bitcoin with PayPal
- Step 2: Familiarize the Ways to Buy Bitcoin with PayPal
- Step 3: Understand the Pros and Cons to Buy Bitcoin with PayPal
- Step 4: Buy Bitcoin with PayPal
- Can I use Online Brokers to Buy Bitcoin with PayPal?
Step 1: Choose the Best Exchange to Buy Bitcoin with PayPal
There are many ways in which we can buy BTC with PayPal. From P2P sites to workarounds on some sites. We will look at these ways and review the sites in detail. Top exchanges to buy BTC with PayPal reviewed. Step by step instructions included for beginners to buy bitcoin with PayPal.
Paxful is a P2P site to buy Bitcoin with PayPal. They support over 300 payment options to buy bitcoin. You will be buying BTC from users who have listed to sell their coins on the site. You need to select users selling BTC and accepting payment through PayPal.
Also, sellers accept sales using different payment methods. The most common question among traders is that can I use PayPal to buy Bitcoin? Yes, with a merchant like Paxful you can buy BTC with PayPal at ease. Also, They ensure the safety of buy and sell on the site.
The site acts as a middle man to connect users. They confirm that both parties have made their action correct. Paxful release the coins only after confirmation from both parties.
Paxful is available on both web and mobile. Their UX has had good reviews from many users. They charge 1% fees for trades to the seller.
LocalBitcoins is a good P2P site to buy BTC with PayPal. Users can connect and buy Bitcoin from sellers listed on the site. Also, they provide a review of users on the site. This makes it easy for you to choose the right seller.
The site makes sure both users make action before releasing BTC to the buyer. They charge 1% fees on trades. 24×7 support is quick to respond to users. They have a good conflict resolution system.
They are one of the oldest sites to help buy Bitcoin. The site is available in most countries. Users can protect their accounts on-site with 2FA.
Also, They do let you store bitcoin in your BTC wallet on local bitcoins. But, It is better to buy and store bitcoin in your own wallet. The site is available on the web and their UX has had some good reviews.
Coinbase is one of the most popular and largest exchange in the world. They let you buy BTC with PayPal in selected countries. You need to confirm if they support PayPal in your country.
Their supported countries page shows the region and payment methods accepted. If they do, you are in luck. Coinbase is among the most trusted sites to buy and store BTC.
Also, They have good security and insurance to protect user funds. Coinbase charges around a 1.5% fee on trades. Also, Coinbase is available on mobile and web platforms. Their UX is good and easy to use.
You can use 2FA to secure your account. An easy way for beginners to buy Bitcoin with PayPal. The site has high liquidity and trade volumes.
But, they offer only a few selected currency for now. Also, You need to co KYC to start using the site to buy BTC or any other digital currencies.
xCoins let you buy Bitcoin with PayPal Credit & PayPal Balance. They way xCoins work is easy and quick.
Sellers add Bitcoin to their wallets on the site. To buy BTC, You select the number of coins to buy and payment method. Once you have made the payment through PayPal, xCoins move BTC from sellers to your account.
Also, Like other P2P coin exchange, xCoins acts as a middle man to ensure smooth BTC sale. Reviews of xCoins by users has a lot of good feedback. Sign up on the site takes a few minutes.
xCoins site is available on the web and the UX is quite easy to use. They have customer support to solve any issues you face. The site is secure and users should use 2FA to use the account. Also, You need to do KYC to use the site to buy BTC.
LocalCryptos is a P2P site to buy bitcoin with PayPal around the world. The site acts as an escrow. Buyers and sellers connect through the site and buy Bitcoin and any altcoin.
Also, You can search and find sellers selling bitcoin with PayPal. Match the amount you want to buy and look at user reviews. Also, Seller confirms payment and the site moves Bitcoin to your cryptocurrency wallet.
If you have thought where can I buy Bitcoins with PayPal? LocalCryptos is the answer. They are available in more than 100 countries. They started in 2017 offering one coin. In 2019, they rebranded the site to LocalCryptos to add in Bitcoin.
Their support is well-reviewed by users. The site is available on the web and the UX is easy to use. There is an escrow fee of 0.25% to post an offer to sell bitcoin and 0.75% to respond to that offer.
BitValve, a P2P exchange to buy bitcoin with PayPal. You can not only buy bitcoin from sellers here. Also, you can trade bitcoin for other coins on the site. The site has a decentralized exchange (DEX) that allows crypto to crypto trading.
The site acts as an escrow between buyers and sellers. User review of the site is pretty good. The site claims to have up to 50% lower fees than other P2P exchange sites. You can use the site on both web and mobile apps.
Also, the sites UX is basic and easy to use. They charge sellers fees to list their offers. The site is available in most countries. To start trading you do not need to complete KYC. But, you need to complete KYC for large volume trades.
The site accepts many payment options and supports many virtual currencies. A good choice to buy Bitcoin with a payment processor like PayPal.
7. Hodl Hodl
Hodl Hodl is a P2P site to buy and trade bitcoin with PayPal. They are available in many countries and do not need KYC to buy BTC. Also, account creation is easy and quick.
They charge 0.6% fees split with both buyer and seller. The site creates a bitcoin wallet when a user wants to sell BTC. The seller then transfers his BTC to the online wallet. The buyer then pays the seller with PayPal.
Seller confirms the transaction and BTC moves from his wallet to buyers. Also, The site has a DEX you can use to trade coins. With the BTC you bought with PayPal, you can buy other coins. The site is on the web and its easy to use even for beginners.
Besides PayPal, you can use many other fiat currency payment systems on the site. There are a good number of sellers at any given time.
LocalCoinSwap is another P2P site to buy Bitcoin with Paypal. Like other P2P sites, they have a secure escrow. Users can buy BTC with ease on the site.
Besides BTC, they have many coins and accept many payment methods. The side is available in 190+ countries. Also, you can use the site on the web platform. Sign up is quick and easy. You do not need to complete KYC to buy coins.
The site has good security and has 2FA. They store the funds in cold wallets. Their 24×7 support is quick and helpful. Besides, they try their best to solve any disputes arise during P2P trades.
Also, you can trade on the site at 0.1% fees. This way you can convert the bitcoin you bought for other coins. Users on the site have reviews that help buyers and sellers choose each other.
Step 2: Familiarize the Ways to Buy Bitcoin with PayPal
Buying Bitcoin with PayPal is not easy. But, you can on many sites. Four types of sites support PayPal Payments now.
The first and most popular, The P2P exchanges. These peer to peer marketplaces are a good option to buy BTC with PayPal. These site does not have a PayPal integration to accept payments. They act as escrow to ensure the transaction of BTC happens without issues.
First sellers post an ad to sell bitcoin which accepts payments through PayPal. The site moves sellers Bitcoins to an escrow blockchain wallet.
Buyers search with the amount of BTC they want to buy and PayPal to make payments. Buyers then connect to matching sellers and make payments via PayPal.
The seller then confirms receipt of money. The site then moves the BTC from the seller’s account to the buyer’s wallet. But, if there is any dispute, users contact the support team to resolve issues.
Another way is to use a bitcoin exchange that accepts PayPal. But, only a few sites use PayPal as a payment system today. We have listed a few that accept PayPal. Also, Coinbase is one of the popular sites that accept PayPal. But PayPal to pay for purchases of cryptocurrencies is not available in all countries on Coinbase.
Step 3: Understand the Pros and Cons to Buy Bitcoin with PayPal
To buy bitcoin with PayPal has its own Pros and Cons.
Pros, It is a method of payment available around the world. Most users, both buyers, and sellers are familiar with PayPal. Also, It’s Fast and Easy to make payments with PayPal.
Also, it’s free to start an account on PayPal, if you are a beginner. Besides, It is easy to load money into your PayPal account. Using PayPal you can buy bitcoin with credit card. Or, you can buy bitcoin with debit card, bank account, and more on PayPal. Also, You can make payments in many currencies supported by PayPal.
Besides, the payments made through PayPal are secure and encrypted.
Now let us look at Cons. PayPal does not provide service to sites selling BTC. Also, Most sites that sell bitcoin with PayPal are P2P sites. That means the transaction happens between the seller and buyer on PayPal. Also, Most sites act as an escrow to pass on BTC from buyer to seller.
Step 4: Buy Bitcoin with PayPal
Once you are done with the above steps buy bitcoin with PayPal.
We have listed the top sites to buy bitcoin or any other digital currency like Ethereum, Litecoin, Dogecoin, or ripple with PayPal. This will help you in buying bitcoin or any virtual currency with PayPal instantly today.
Before you start trading learn in-depth on Bitcoin. Like how bitcoin works. Who Satoshi Nakamoto is? What is bitcoin mining? Who bitcoin miners are? What is a halving event that reduces miner mined block reward? How it affects the value of bitcoin and its volatility.
Can I use Online Brokers to Buy Bitcoin with PayPal?
There are popular online brokers that let you trade Bitcoin. Sites like eToro and Plus500 lets you trade CFDs on Bitcoin. Also, These sites accept PayPal. You can even trade BTC with leverage on these sites.
But, they don’t support withdrawal of bitcoin to your own wallet. Infact, this is only a good option if you are a trader looking only to get into the price action of BTC.